Obama Dollar Rally Is Forecast to Join Clinton, Reagan Upturns
- U.S. currency projected to strengthen versus most major peers
- Already the third-longest sustained greenback rally since 1971
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The dollar has an opportunity to make history.
After three straight years of gains, strategists are forecasting the U.S. currency will be a world beater again in 2016, strengthening against seven of 10 developed-world peers by the end of the year, according to the median estimate in a Bloomberg survey. That outlook is backed by the Federal Reserve’s stated intent to continue raising interest rates while peers in the rest of the world keep them flat or lower.